Chile: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in Chile

The Chilean benzoyl peroxide and chloride market skyrocketed to $X in 2022, rising by 31% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -18.4% against 2020 indices. Benzoyl peroxide and chloride consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports from Chile

In 2022, shipments abroad of benzoyl peroxide and benzoyl chloride increased by 49% to X kg, rising for the fifth consecutive year after three years of decline. In general, exports, however, showed a abrupt downturn. The growth pace was the most rapid in 2013 with an increase of 51%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, benzoyl peroxide and chloride exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a abrupt contraction. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Peru (X kg) was the main destination for benzoyl peroxide and chloride exports from Chile, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Peru amounted to -4.5%.

In value terms, Peru ($X) emerged as the key foreign market for benzoyl peroxide and benzoyl chloride exports from Chile.

From 2012 to 2022, the average annual rate of growth in terms of value to Peru was relatively modest.

Export Prices by Country

In 2022, the average benzoyl peroxide and chloride export price amounted to $X per ton, with a decrease of -8.6% against the previous year. Overall, the export price, however, saw a noticeable expansion. The growth pace was the most rapid in 2017 when the average export price increased by 85%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Peru.

From 2012 to 2022, the rate of growth in terms of prices for Bolivia amounted to +4.3% per year.

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports into Chile

Benzoyl peroxide and chloride imports into Chile soared to X tons in 2022, growing by 42% compared with 2021 figures. In general, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -38.4% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 48% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, benzoyl peroxide and chloride imports surged to $X in 2022. Overall, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -5.9% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 46% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, South Korea (X tons) constituted the largest benzoyl peroxide and chloride supplier to Chile, accounting for a 59% share of total imports. Moreover, benzoyl peroxide and chloride imports from South Korea exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by Italy (X tons), with a 7% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea stood at +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+19.3% per year) and Italy (+39.5% per year).

In value terms, the largest benzoyl peroxide and chloride suppliers to Chile were South Korea ($X), Italy ($X) and Germany ($X), together accounting for 69% of total imports.

Italy, with a CAGR of +46.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average benzoyl peroxide and chloride import price stood at $X per ton in 2022, waning by -10.6% against the previous year. In general, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, benzoyl peroxide and chloride import price increased by +49.3% against 2018 indices. The pace of growth was the most pronounced in 2021 an increase of 71%. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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